Recordation taxes; changes basis on which taxes are calculated on transfer of real estate. (HB1823)
Introduced By
Del. Dave Albo (R-Springfield)
Progress
✓ |
Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Recordation taxes; basis. Changes the basis on which recordation taxes are calculated on the transfer of real estate to (i) the stated consideration for the real estate, or (ii) when the consideration is nominal or when the sale is through foreclosure or other similar sale, the appraised value of the property. Under current law the basis is the consideration for the real estate or the value of the real estate, whichever is greater. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/12/2009 | Committee |
| 01/12/2009 | Prefiled and ordered printed; offered 01/14/09 097764404 |
| 01/12/2009 | Referred to Committee on Finance |
| 01/16/2009 | Assigned Finance sub: 2 |
| 01/16/2009 | Impact statement from TAX (HB1823) |
| 01/28/2009 | Subcommittee recommends incorporating into HB2135 by voice vote |
| 02/02/2009 | Incorporated by Finance (HB2135-Miller, J.H.) |